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Holdings in biggest gold ETF hit new high

MomingZhou

NEW YORK (MarketWatch) - Holdings in SPDR Gold Trust, the world's biggest exchange-traded fund backed by gold, hit a new record high of 843.59 tons Thursday, according to latest data from the fund. SPDR
GLD, -0.65%
gold holdings have jumped 63 tons, or 8%, in one month, as investors increased buying for the metal as a safe-haven against the economic crisis. Holdings in SPDR are now nearly 80 tons higher than official gold holdings in Japan, the world's seventh largest official gold holder.

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